Australia's Many Peaks Minerals falls on discounted placement

Many Peaks Minerals

03/04/2024 04:38

** Shares of Many Peaks Minerals  MPK.AX  fall as much as
17.1% to A$0.170, their biggest intraday pct drop since March 21
    ** Stock at its lowest levels since March 26
    ** The gold miner says completion of A$2 mln ($1.30 mln) at
A$0.17 per new share
    ** Issue price represents a 17.1% discount to MPK's last
close
    ** About 2.2 mln shares change hands, 7.1x the 30-day avg
volume
    ** Stock up ~37% YTD, as of last close

    ($1 = 1.5349 Australian dollars)

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))